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Gold prices moved down by 0.26 per cent to Rs 30,383 per 10 grams at the futures trade today after participants offloaded partial positions, taking weak cues from the global market.
At the Multi Commodity Exchange, gold for delivery in April declined by Rs 80 or 0.26 per cent to Rs 30,383 per 10 grams with a business turnover of 2,010 lots. Likewise, the metal for delivery in June shed Rs 67 or 0.22 per cent to Rs 30,859 per 10 grams in 180 lots.
Market analysts said a weak trend in the overseas markets after big investors cut stake in exchange-traded products, mainly put pressure on the gold prices at the futures trade here.
Globally, the yellow metal fell 0.3 per cent to $1,630.60 an ounce in Singapore.
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